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Suppose you manage Tennessee Grilled Pork, a fast food restaurant specializing in pork sandwiches and pork chops on a stick. You have decided to build a new restaurant and have 2 possible site locations (Site 1 and Site 2). Three groups of people make independent recommendations on site preference: the local management team, the regional management team, and the national management team.
Considering submission of the 2 locations to the three management teams as an experiment and each recommendation as a step, how many possible decision outcomes exist?
Draw a tree diagram listing the outcomes for this experiment.
The president of Doerman Distributors, Inc., believes that 30% of the firm's orders come from first-time customers. A random sample of 100 orders will be used to estimate the proportion of first-time customers. Assume that the president is correct..
For each of the following situations, indicate the appropriate measure, incidence rate or prevalence rate and the numerical value of the rate.
Develop a mathematical programming model and solve. Discuss your results [total profits, total costs, etc].
Suppose we compare two population means, μ 1 - μ 2 . In each case, indicate how μ 1 relates to μ 2 :
What is the probability of making a Type II error if the population mean is 24,000 miles?
Explain an organizational scenario where quantitative (ratio level of measurement) information is or could be used to make management decisions about creating, maintaining, or improving quality.
You are running a chi-squared test. You have 2 groups with 3 characteristics each, what would your critical value be with an alpha of .025?
A researcher is comparing two antihypertensive drugs A and B with regards to reduction of patient's systolic blood pressure (SBP). Baseline SBP is measured for two groups of patients.
If writing scores for population have standard deviation of s = 20, does sample give sufficient evidence to conclude that new composition course has significant effect? Suppose a two tailed test with a = 0.05.
Compute the median number of dependents?
A university has studied the relationship between the GPA (grade point average) of its graduates and StartSal, their starting salaries (in thousands of dollars). A sample of seven graduates was randomly selected.
Determine the upper and lower control limits for ?- (This Symbol Is Supposed to be an x not an a) and R-charts for the width of a chair seat when sample grand mean
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